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in brussels where nato leaders are sending patriot anti-defense missiles to turkey and warning syria of any thought of using chemical weapons. prince william leaves the hospital after visiting kate. she remains hospitalized for severe morning sickness. good day. i'm amount li-- andrea mitchell live in washington. the senate has managed to vote on something, rejected a u.n. treaty to extend rights to the blind and disabled, rights that have been the law of the land here in the united states since 1990. despite an emotional appearance from bob dole just out of walter reed, 89 years old, a passionate advocate for equal rights for the disabled since his first speech on the senate floor in 1969. joining me for our daily fix, kra, managing editor of post politics.com and capitol hill correspondents, nbc's kelly o'donnell and luke russert. kelly, to you, because this vote in the senate, john kerry led the way, it was bipartisan, in support. they needed 6 votes. it's a treaty, two-thirds of the senate and it failed. talk to me about all the ramifications here. >> it's not that often andrea, you kno
: what has the navy said? >> reporter: the department of defense wasted no time saying they do not have any missing drones. they said the u.s. navy has accounted for all unmanned vehicles operating in the middle east. our operations are confined to international waters and space. how then might this drone have ended up in the hands of the iranians. it's possible they found it in the sea. they have been lost in the water but nothing recently. often the distance on the map, there is -- there is some frary an -- thereis some farsi and so. the farsi says "we'll trample on the u.s." iran is trying to squeeze out every ounce of propaganda from what it says it a u.s. drone. bill: we are working our sources at the pentagon stateside. martha: this comes amid new concern over tehran's nuclear program. its nuclear chief saying it will continue nuclear enrichment with intensity. it claim it needs it to fuel a nuclear research reactor. expert say that could be converted into a nuclear weapon. speaking of this nuclear site, inspectors say iran is poised to double the number of site to 1,400. let's g
we need to make the defense cuts. we want to minimize human services cuts. the best way to do that is go back to clinton era taxes. i actually have mixed feelings about striking a deal where the rich folks pay more taxes. i think they should pay more taxes, but i actually think going off clithe cliff is a bet solution than just charging people who make a lot of money what they were paying when bill clinton was president. >> the clinton tax rates worked well, and when you look at where we really are today, although the democrats are playing really tough on these top tax rates, they have conceded about 75% of the tax debate to republicans by agreeing with them on all of the otherç rates. >> that is true, aalthough there is a matter of timing. you know, i think part of what you have to look at here is it's really hrepublicans who force this conversation about having deficit reduction right now. we shouldn't have deficit reduction right now. we should focus on jobs and employment and continued stimulus for the economy, which i was really happy about the president at least had so
revolting against the brotherhood. syria apparently mixing chemical weapons. the foundation for defense of democry joins us he in moments. the unemploymt rate drops. so did the number of worers in the labour force. we will be taaking abouthis economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. can i help you? i heard you guys can ship ound for less than the ups store. thas right. i'vlearned the only way to get a holay deal is to camp out. you know we've been open all night. ithis a trick to get spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedexffice. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the me
cuts and tax increases but spending cuts particularly in defense. they don't want that. >> explain why what they agree on -- namely that the middle class, 98% of all taxpayers, that their taxes will stay the same, they will not go up. if everyone agrees at least on that, the president says, go ahead and pass that. why not just eliminate the 98% who won't have any changes, those making under $250,000? why not allow that to go forward? why are the republicans resisting on that. >> it could wind up there, wolf. but if the republicans lose that, they believe they kind of lose the leverage that they have. if they sort of give on that, then where's their leverage with the white house? so i think that in the end, wolf, if i had to bet -- and i don't like to bet on these things because they always disappoint -- but i would have to say that the one thing they are all likely to do at some point is to make sure the taxes do not go up on the middle class. but in order to do that, republicans want to get some concessions for that. it seems very easy to do that. democrats have done it in the past. a
to be on the table. entitlements are 13 percent of the total budget. the big pot is defense spending. we spend trillions on defense. federal pension that is 22 percent of the federal budget. we give pensions to members of congress and lt's look at that and look at entitlements and look at the big honey pot and the big spending. >> i am all with mark in bringing down the pensions of the politicians. here are the facts, in 2009, we had a stimulus spending. 800 billion extra from 2008. guess what, it never stopped. it was supposed to be a one stop 2010 and 11 and 12 we have maintained the extra spending in a time when we had cut back on military spending. >> absolutely. >> and that is increasing and guess what, that adds up to the deficit, right? >> david, the problem is deeper than wh you are describing. this goes back decades. when you look at entitlement spending over the last half century, it has steadily crept up four percent every year and that includes adjustments for pulation growth. so what then? you increase taxes four percent every year? that is absurd. at some point we need both parts
's defense. >> she had reviewed the dpeor foer going. >> on sunday shows and went well beyond the talking points, we have decimated al-qaeda, that was nowhere on the talking points, said things the attack was a result of a heinous and offensive video. said the security at our consulate and strong and significant. that is not in the talking points and frankly not supported by the record of what happened. >> the talking points came from the intelligence community. you don't hear one criticism of david petraeus. it was his shop that produced the talking points that susan rice talked about. is there a double standard here? it appears there is, very unfair one. >> gregg: last week rice met with members of the senate armed services committee to try to explain the situation. lindsay graham saying that ambassador rice did not help herself very much. >> heather: supporters of mohammed morsi staging a demonstration in washington, d.c. standing in front of the egyptian embassy armed with signs. opponents were also out carrying signs with slogans like egypt deserves better. >> gregg: the highest cour
, however, if xes across the board and let's not forget the spending cuts that are ought maic in the defense industry, defense industry alone is looking at hundreds of thousands of job cuts next year with nos mandatory cuts go into effect. i'm not saying they are. so it's both cutting and taxing, we're too focus on the tax. bottom line, the government takes it out of the system cutting and raising taxes and the small or deficit. that means that people are going to be out of work, almost by definition in the short run. but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in five years we won't be not able to borrow money. >> brenda: julian, you can go ahead and respond. >> first of l, the ernst & young study has been debunked over and ov. and number two, the bush tax cuts, if you let the bh tax cuts. the crs study was a republican study and found the same thing as the cbo. if you let bush tax cuts expire on every
and defense systems to the turks? >> no. in fact of this has been hanging fire for some months. the one to make sure they have some means of protecting themselves, not simply from rockets coming in from syria, but they want to protect themselves from what the iranians are building with the help, of course. lou: and we can talk forever about the turkey and the relationship that is emerging there, but i want to talk your, as we wrap up, about this new book. oliver north, heroes proof. set in the future in which you imagine issues that, well, frankly, are taking place today. >> twenty years from now, and i did not have any idea that the terror attack that killed americans would be wise about by an administration r that israel would face the existential threat that it does today. those kinds of things are in this book. of course, hopefully, a brighter future for america when we realize was really happening, the second amendment being denied by the united nations kamal things that this administration is doing in this book. by the way, service members, those who are serving overseas, soldier
legal defense association rallied parents claiming the treaty was a threat to home schooling in the united states. again, just claims, no actual facts. here's democratic senator chris kunz of delaware on that last home school threat. >> they have succeeded in scaring the parents who home school their children all over this country. my own office has gotten dozens of calls and letters demanding that i vote against this convention. as a matter of international law and as a matter of u.s. law, this convention does nothing. does nothing. to change the home schooling of children in america. >> he gave that speech on the senate floor just before the vote. senator mike lee of utah was one of the 38 republicans who voted against the u.n. treaty. he agreed to talk to us tonight. he's a constitutional lawyer, was a law clerk for supreme court justice alito. we spoke a short time ago. senator, you've said this treaty will somehow change u.s. law or could change u.s. law. former republican attorney general dick thornburg, who helped negotiate this treaty on behalf of president george bus
.n. ambassador susan rice or john kerry? >> well, for defense secretary who will it be? senator john kerry possible for that. and of course the vietnam vet later turned against the war and raises a huge red flag in the near future and the veterans for america join us now, hi, pete. >> thanks for having he me. >> read the pre-interview with you. and you're not a fan of either of these choices. what worries you? >> well, a great deal does, and a lot of it comes to judgment and you played the clip about john kerry and iraq and i still found myself in iraq, imagine that? and he's, both of them have records, set aside benghazi, set aside some of the recent events with susan rice and judgments on management of conflicts called into question and she was in the national security council back in 1993 when rwanda kicked off and she made a controversial comment about, well, if we call it a genocide and don't act. what will be the implications on the november mid term election? and if you hook at-- and then later on, reflexively supported the regime in ruwan da when there were more war crimes committe
and half a trillion in defense, understand at this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case. i'm hoping we'll have new members come in. and you know, we -- just sawaw , i got involved in not a fiscal thing but it had to do with a u.n.reaty that the left's to s to hoist on u.s. that thing was going to pass, we got involved, an organization that i run, patriot voices, we stirred up the pot, got people to pay attention. neil: you are a force, you are a very commanding force it would be in upper tier of perspective presidential candidate. >> i appreciate, that but point is, i do not say that to pat our organization on the back. neilback. >> i want voices of america to
in. all other government programs share the rest. defense, half of them 80 other programs with the other ha. william cohen on why it could be a scary thing. secretary, good to have you. what would be the immediate impact on the military, do you think? >> well, the immediate impact would be on operations and maintenance. bacally, cuts in training, programs will deferred, it would have an impact in terms of our war on terror, in terms of being able to fund these properly. wheneverou talk about budget cuts, usually, you have a premise that what are the threats that face us. what's a strategy we have to combat those threats? what is the revenue necessary to fund the execution of the strategy? now we have a situation where just take it across the board, and deal with it. i think it's going to be very dangerous for us. it's not that the defense budget can't be cut. we already mandated 500 billion in cuts over ten years. this is another 500 billion meing roughly, next year, starting in january, another 58 billion in 2013 comes out. that means we're going to have a major impact o
to hear the case. it could be a much narrower case about the defensive marriage act, it could be limited to considering whether couples in states where same-sex is legal and eligible for benefits and not a sweeping decision. the other parameter, of course, proposition 8 and a specific league question and referendum aboli abolished. a lot for them potentially to consider and the timetable up to them, ashleigh. >> very complex for people that don't follow courts on a regular basis to sort this out and i mentioned right off the top no fewer than ten cases that the justices could take up. >> yes. >> when you talk about the two areas, one of them as some court watchers say is dipping your toe in with the defensive marriage act and one way the supreme court could start the process of getting in to the cultural debate. the other one is prop 8 and two ways to go effect ily with prop 8. take up the case or don't cake up the case. what happens if they just don't take up the case? >> well, then same-sex marriage essentially becomes law in california and it was about the referendum. most court watch
is building up its defenses along its southern border. nato has agreed to deploy patriot missile systems to as many as 10 potential sites making a point of stressing the defensive nature of the weapons shipment. nato and the u.s. have warned assad that any use of chemical weapons will be met with an immediate international response. >>> egyptian president morsi has returned to the presidential palace this morning after being forced out last night by angry mobs. riot police fired tear gas at crowds topping 100,000 people who overran barricades at the palace and cairo. demonstrators are an or morsmor constitution saying it contains limits on individual liberty and puts too much power in the hands of the president. his administration says the constitution establishes democracy. protesters also took to tahrir square and nearly a dozen newspapers stopped publication to protest the new constitution's lack of support for freedom of speech. >>> and finally, quick business headlines before we go because that's what i like to do. netflix elbowing its way into competition with the likes of hbo and
problem. you know, clinton took that approach in 1993. he cut defense way back. i think the president could do a little bit more to attract some people over to his side if he did that. but i'm just struck by the fact that we've got this completely outside game. >> right. >> there's not a lot going on on the inside in terms of real negotiation. but we'll get there. >> and steve, this is a point we brought up last hour. you know, everybody is debating over raising top rates for people making $250,000 or more. you look -- tom's talking about $88 trillion. you look at the small percentage, these tax increases as part of the bigger problem, and you realize that we're not even having a serious discussion right now. we're obsessed on something that's not going to save us. >> well, that's true. first, with respect to what david said, i think partly why they're playing an outside game is because they've been criticized in the past of playing too much of an inside game. the president's criticized himself for not taking his message outside, telling his story. secondly, i do think the president h
the federal defense of marriage act, or d doma, and another involving california's proposition 8, banning same-sex marriages in that state. for analysis into these historic cases, what's going to be a historic hearing, i want to bring in kinji yoshityoshito, professor of constitutional law at new york city. great to see you. >> good to see you. >> put prop 8 aside for a second. do you believe that the supreme court will strike down doma. this is what what you've said. walk me through your thinking on that one. >> y bet. so doma is a really narrow challenge insofar as what the statute does is it says for federal purposes marriages are defined between one man and one woman. so i think it might be best to clarify this by example. so you take edie windsor, a plaintiff coming out of new york who's going to be the plaintiff in this case. she was with another woman for 40 years. they got married in 2007. when her partner passed away, her wife passed away, for state purposes, in the eyes of new york state, she was next of kin. so her remains were released to edie. but for federal purposes, they were c
the defense of marriage act is constitutional, they are also going to decide whether proposition 8 in california, that case, whether the ban on same sex marriage there is unconstitutional. and that could affect all 50 states. so there is at least the potential that by the end of june, all 50 states will be ordered to have same sex marriage. there is a long way between here and there, but that is now a possibility. >> what is so interesting about this, this is not just about the marriage issue, so much as it is an equal protection issue because so many people have been denied benefits under federal law. >> that's the defense of marriage act case. what the defense of marriage act case, what the law says, passed in 1996, signed into law by president clinton, that law says that the federal government will not recognize same sex marriages, even in the states where it's legal. so if you are a married couple, same sex couple in massachusetts, you can't file a joint tax return, can't inherit tax free the way heterosexual married couples can. the obama administration says, agrees that law i
't know if it's the one they claim they captured. moments ago a u.s. defense official told barbara starr the u.s. navy has fully accounted for all unmanned vehicles operating in the middle east region. we have the latest developments now from cairo. a u.s. source says that if the iranians do have something, it is not an actively operating u.s. navy drone. what would that mean? could this actually be a fake? >> it could be. it's not clear right now, but iranian officials have a different story. we don't know when or how this u.s. drone was allegedly captured, but you can be sure iran is going to count this as a big intelligence victory over the u.s. you can also be sure they'll use this to portray the u.s. as the aggressor in the region. that's what iran has done for more than three decades. briefly, let's tell you about the reports from state media in iran. reports say iran captured a drone flying over the northern persian gulf waters after it allegedly flew into iranian airspace. this is a region close to iran's only nuclear power plant. a statement by iran's revolutionary guard said th
operatives, military attaches will be positioned around the world in a pentagon overhaul of the defense intelligence agency. they will be trained by the cia, but they will get their orders from defense department. "the post" says "the dia overhaul combined with the growth of the cia since the september 11th, 2001, terror attack wills created a spy network of unprecedented size. it adds the plan reflects the obama administration's afint for espionage and covert action over conventional force. the expansion reportedly still faces some hurdles, including creating cover assignments for all of these additional spies. >>> political crisis in egypt. first it was the president versus protesters. now it's protesters versus the force. live to cairo. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ...but you still have to go to the gym. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unite
is really hitting the republicans hard from the outside, trying to crumble their defenses amid signs that those defenses from within are weakening. >> mike, the president and speaker boehner apparently did have a telephone conversation last night. are we inching closer to a deal or is that too much of a grown-up christmas wish? >> it's really impossible to say. i think most people in this town would say if it were up to john boehner, he would cut the deal. there are a lot of indications of softening of positions from within republican ranks. i myself am not entirely convinced. i thin there are going to be a lot of hard core bitter enders, if you like, who are not going to vote for a tax increase under any circumstances within the house gop conference, and it could be a very ugly fight within the gop. so the fact that neither side is telling us anything, jay carney today 23r from the podium would not characterize it other than to confirm it took place. kind of ironic, people were taking that as a positive sign. >> mike viqueira delivering depressing news with a smile on his face. than
the announcement about that today. there are no fewer than ten cases arising from the federal defense marriage act. california's proposition 8. they made their way to the high court's doorstep. at least one -- at least one, is kind of likely to get on the docket. sooner rather than later. while we wait, the best person to talk about that is cnn's senior legal analyst jeffrey toobin who literally wrote the book, or a couple of them, on the supreme court. i was talking to you last friday. i was talking to you monday. you are back for another friday. are they going to make me wait again for another day? are or are we going to get something today? >> those that know don't tell and those that tell don't know. that's the rule with the supreme court. it seems likely we will hear if not today then very soon. also, we should hear that they are going to take the case. remember, two federal appeals courts have now declared the -- >> when you say the case -- >> the defense of marriage act. proposition 8 is a very separate matter. when a federal appeals court declares an act of congress unconstitutional the su
's prop 8 and the defensive marriage act. jonathan turley will weigh in on the civil rights battle. we're coming right back. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this strong, his family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep ziggy's body as strong as a love that reaches further than anyone's words. iams. keep love strong. that reaches further than anyone's words. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. >>> 20 years the act has received broad bipartisan support. didn't want to stand in the way of provides resources for domestic violence. that's in the past. the law is up for reauthorization and r
the #theedshow. still to come, the supreme court will hear cases on california's prop 8 and the defensive marriage act. jonathan turley at george washington university will weigh in on the civil rights battle. we're coming right back. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> for almost 20 years, the violence against women act has received broad bipartisan support. even the most partisan right wingers didn't want to stand in the way of providing resources to combat domestic violence. that's in the past. the law is up for reauthorization and republicans are fighting it. vice president joe biden and house majority leader eric cantor are now in talks, trying to iron out differences and get the legislation passed before the end of the year. biden is the la
of plotting to destroy his country. bill: . the government moving defense missiles to turkey. it will be defensive posture only. the western alliance is set to okay those weapons. the patriot missiles not expected to arrive in turkey until next month. martha: let's go to egypt which is also very volatile at the moment. the presidential palace is looking like an armed palace. they stationed tanks after a night of deadly protests. the estimate is five people lost their lives. it's the violence in the two weeks we watched the protests that led over a mob made it way over to the presidential balance has. we saw the live scenes with steve harrigan. since mohamed morsi, the president there assumed near absolute powers through a constitutional move. he and the muslim brotherhood have been doing things that have a lot of people concerned in terms of ramming through a very controversial new constitution that the people have been very unhappy about. what's going on there. come back home now for a moment and take a look at the latest numbers we have got on the u.s. economy. the weekly u
bears defensive tackle tank johnson. in 2008 former new york giants wide receiver plaxico burress accidentally shot himself in the leg with his own gun at a nightclub. in 2009 retired star quarterback steve mcnair was shot to death by his mistress in a murder-suicide. after the jovan belcher murder-suicide, bob costas set off a bis of a controversy when he decided to address the issue of gun control during an nfl broadcast. >> if jovan belcher didn't possess a gun, he and kasandra perkins would both be alive today. >> why do athletes love guns? the reality is this is a gun culture. lots of people own guns. >> reporter: he says the issue of guns and athletes is about youth, money, and perceived power. >> the problem is that many don't outgrow their power, a new national pastime has some very deep seated issues. >> reporter: the league has had a strict gun policy in place since 1996 that prohibits players from bringing guns to any facility or event affiliated with the league. but that was not enough to stop a tragedy in kansas city this past weekend. for "cbs
defense secretary leon panetta says the most recent intelligence raises, his words, serious concerns. >> the whole world is watching. the whole world is watching very closely and the president of the united states has made very clear that there will be consequences, there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people. >> earlier today, leon panetta. we'll have a report from the pentagon on syria in a moment. >>> first, shock waves in washington. a powerful republican senator suddenly calling it quits. south carolina senator jim demint will step down december 31st to lead the heritage foundation. it's a powerful conservative think tank in washington. demint says he can be more effective outside the senate. >> a lot of my role in the senate has been stopping bad things and saying no to bad things. but we need to do more than that and tell americans what we're for. one of the mistakes i think the republican party made the last two years is trying to make obama the issue without sharing with america bold reform ideas
of zimmerman until they were really frauded and pushed by the defense is unconscionable, bore derg on capitol hill violation by the prosecutor. i think george zimmerman is going to walk as a result. >> laura: i agree. that photo that was finally released is devastating. thanks so much. >> okay, laura. >> laura: plenty more ahead as the factor moves along this evening. high times in washington state where smoking pot is now legal. but one problem is still against the law of the land. so what will the feds do? we're going to have a report. and the supreme court decides to take up two gay marriage cases so how will those come down? we hope you stay tuned for all those reports. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12ears. aids is stro
and defensiveness about the coal industry on the wane in america. today coal provides a third of the power down from nearly half four years ago. coal-burning power plants are shuting down across the country. there's a war on coal as you may have heard during the campaign, but the aggressors aren't bureaucra bureaucrats but it's natural gas. specifically the technology radically transformed natural gas production something called hydraulic fracturing or fracking. the name is opaque but the goal is simple. tens of thousands of feet below the surface there are deposits of natural gas trapped up within giant rock formations. fracking lets energy companies drill down to release the gas. that process has fundamentally revolutionized america's energy economy in a few years. the average annual price of natural gas is less than half what it was in 2008. large swaths of the united states from colorado to texas to ohio to upup state new york have massive natural gas reserves making them right for fracking. rhetts rebel based on concerns about health and the safety of the process. those battles may decide the c
will. so does washington, d.c. the court also agreed to hear a challenge to the federal defense of marriage act. it defines marriage as "only a legal union between one man and one woman." the law had a big effect on edie windsor of new york who married tea spire in 2007. when spire died the irs sent a tax bill for $300,000 because it did not consider them to be married. >> the injustice. i couldn't believe they were making a stranger of this person i lived with and loveded for 43 something years. >> under that law, same sex couples who are legally married are denied about 1,000 federal benefits that other married couples get. after first supporting the defense of marriage act, the obama administration concluded last year that it violates the constitution. >> we cannot defend the federal government poking its nose into what states are doing and putting the thumb on the scale against same sex companies. >> reporter: house republicans are now taking up the law's legal defense. supporters say it helps preserve traditional marriage. >> unions of two men and two women are not the same
work directly for the defense department and it's contractors. the defense industry is facing $125 billion of direct -- in addition several key tax ben fis are scheduled to expire at the end of the year that will have a direct impact on the pocket books of many americans. take a couple with one child in new york earning $100,000. their tax rate jumps from 25% to 28%. they could be hit by the alternative minimum tax. the child tax credit drops from $1,000 to $500 and payroll taxes could be $2,000 more next year. for a single 25-year-old in michigan who works full-time earning $30,000 a year going to school part-time, his tax rate would stay the same at 15%. but he would lose the american education tax credit and have to pay more than $600 in payroll taxes. and even though it's weeks before the changes would take effect the impact is already being felt because of uncertainty. 401(k) plans are taking a hit. companies are putting freezes on hiring. and the retail sector which makes most of its money in the final weeks of the year. black friday is over and people are just hoping it does
was recently turned over to the defense. zimmerman claims he shot martin in self-defense. >>> flu season is under way and it could be a bad one. suspected flu cases jumped last week and this year's strain is making people sicker than others. now, here's the good news. this year's vaccine is well-matched to the virus and should take care of 90% of the flu cases. >>> a rare positive side effect to hurricane sandy, the auto industry reports that cars have been flying off the lots. mandy drur ree is here with what is moving your car sales. >> car sales rose 15%. you were saying it. we had to see a lot of replacement of cars and trucks damaged in the hurricane. but at the end of the day it's contributed to the industry's best monthly sales rate in four years. for example, chrysler continued an amazing year with november sales up about 14.4%. all in all, if you put it all together, it totals exceeding most forecasts and hopefully also back up some of the forecasts that the revival of the industry could continue into next year as well. if november was a good month, this month has the potential
cuts and entitlements or at least reform there. hasn't heard as much from defense. you are from a state that relies on that defense budget. it will get cut substantially. where does defense end up if we do get a deal? >> everybody wants to avoid sequestration. lots of my friends in the defense industry say don't do sequestration. do simpson-bowles indicating they have not read simpson-bowles because it was almost as high as sequestration in the top number. the numbers are roughly within the budget control act over ten years about $480 billion of defense cuts. sequestration almost doubles that. i think you'll see something north of 480 billion. substantially lower than that 950. what folks in defense industry have said is in addition to giving us a number, give us the ability to plan. one of the things that hobbles our defense industry more than anything is the absurd way we have run the federal government on three and six-month continuing resolutions. give us a window to plan and any legitimate business can plan against the budget. give us that number. >> some see that debt limit contro
to those previous rates and also, defense gets cuts. forget about, we're not talking see questions station much, b -- sequestration? >> did you see what's happening in california, maybe that should be a barometer. tax increases in the state of california and raise revenue and look at the revenues have not gone up. >> a lot of republicans see california and americans, many democrats see california as a cautionary tale. what california has done and interesting and got then them ooh into a pickle. they have the battle initiatives where voters can go in themselves and vote for what they want and these all cost money. >> it all costs money. >> yeah, this is a mistake of california, right? since the late 70's, when these ballot provisions started going through, yes, you had a number of them. i was out there when was unfoldi unfolding, a number passed and californias voted to increase their own sales tax to pay for things, finally. >> yes, by the way, they also then voted to tax the highest wage earners more.and what ended up happening in some cases was that a significant number of the richest pe
is not in the plan. we proposed along side trillion in spending cuts that we agreed with republicans on defense and range of programs. we proposed 600 billion of detailed reforms and savings to our health care government programs. in fact the health care savings in that plan are larger than in the republicans in the past. >> gretchen: i understand why tim geithner is the guy to do the negotiations, my question why is it tim geithner. the treasury secretary is not supposed to be a political position. do republicans lovtim gite goit they thought they would get a deal done if it is the treasury secretary stopping by or should the president sit in the meeting. to your point brian, about making the campaign stops. it is because in a weird way they are wasting time until we get to the actual cliff. >> steve: sure. that is the pres pice. grover norquist said why don't we just get the c-span and watch the sausage being made. it could be too scary. >> brian: they had him out there and he defended himself yesterday. he's doing a good job exactly defining what he's going for. he's not the angry guy everyo
cut. defensive stocks also helped you push the asx 200 higher. sensex trading lower by 0.3%. back to you. >> all right. here we are european stocks, first trading day of december, an hour and ten minutes in to the session. not bad last month. ftse up 1.5%. we're weighted to the up side a little bit more than 7:2, advancers outpacing decliners on the stoxx 600. ftse up 1.5% last month, dax up 2, contact 340 up nearly 4%, xetra dax up 0.4%. the ibex fairly flat. let's show you where we are with bond rates, as well. we'll take a look at gilts. slightly lower, 1.77%. big day for uk. manufacturing pmis out for the month of november. italian and ten year sbpanish yields are also lower. down on the greek announcements, but substantially below 6%. ten year bunds 1.37%. those yields slightly higher. on the currency markets, we talked about this euro-dollar six week high. below that at the moment, but not by much. dollar-yen moving off the 7 1/2 month high at 82.17. aussie dollar weaker despite the good chinese data. dipping below 1.04 earlier on. we had retail sales data that was a little
revving up a brand new israeli-made missile defense radar system. both countries promise to shoot down anything that might go astray, bill. bill: wow! what is the north korean government saying about it this time, greg? >> reporter: all means a lot to the new young leader kim jong-un. it is meant to mark the first anniversary of the death of his father, kim jong-il and mark the end of the year which is supposed to show the impoverished nation is on its way to be strong and prosperous. we're seeing pongyang manage the message more than usual domestically and internationally. my contacts say this country could very well call the launch successful whatever happens. secretary of state hillary clinton is in europe this week at a meeting in nato in brussels. her message is pretty clear. it wants north korea to stop this. if this missile works, bill, the range could be over 6,000 miles. that would put whatever it is launching in the payload in the range of los angeles. bill: greg palkot, watching that out of london. six minutes past. >> this is not north korea's first attempt at this. since 1
. the defense has been saying we will not plan for sequestration's because they don't want to be cautious because it is like a gun to the head. they're now looking into planning for this because we are getting pretty late, and that may become a reality. back to you. melissa: rich edson, thank you so much. lori: let's continue this discussion. it is going to happen, it is exactly what the democrats want. according to scott hodge of the tax foundation. what are some alternatives to raising revenue? joining me with some ideas. to your point, you're written quite extensively on this topic. it seems the economy is poised to fall off the cliff and that's what the democrats and the president wants to happen. >> they want to allow all the bush tax cuts to expire. it happens naturally automatically. they don't even have to vote for it. in january we had to lower taxes for everybody. getting it very simply. lori: a lot of people are concerned. if we do go over the cliff, there's no resolution for the alternative minimum taxes, will not be passed that does not get resolved you have 20 million more a
to be the case. others are, qatar and others in the region are supplying man portable air defense systems, shooting down planes as a result and helicopters of the syrian army. in two weeks or so there will be a conference to confer legitimacy on the opposition from a political standpoint. the u.s. right now is mostly supplying humanitarian articles but the pressure is rising on the military side but doesn't appear any indication they will do that yet. >> on thursday the u.n. again ram assembly voted to recognize palestine as a state. and now we have the news of israel announcing on friday expanding its settlement in the west bank and east jerusalem. on top of that britain, france and sweden summoned the israeli ambassadors to their country to condemn this move and france and england have said there is an appetite to disapprove of israel right now. what's happening to the tense situation there? >> the israeli response of calling for a settlement construction is a response that's viewed negatively across the international community by the united states as well as in many parts of israel its
know -- >> -- you never cover self-defense cases that happen all over this country, too, and were in the newspaper. i have a stack of them right next to me here. those never get on your show. you only talk about the people who misuse the guns and never about the people like the 79-year-old grandmother in houston or the young mother in oklahoma who defended her 3 month old baby from intruders coming into her house. there is a good side and a bad side to guns and you focus only on the bad side. >> well, no, i don't, because statistically as you well know, the prevalence of gun incidents when people have guns in the home in a domestic sense where they go off accidentally or they take them against their partners or whatever it may be, is dramatically increased if you have guns in the property. obviously. >> that's not true for normal people. that is true for -- >> you made your point. let's go to josh horowitz to respond. >> well, i think one of the things that's very clear is that guns in the home increase the risk of both suicide and homicide. we know that's very clear. we know that
defense tucks and restructuring of our taxes, that would -- >> for a while. >> exactly. but if it's two or three weeks that the republicans want to do for the sake of their own drama and own inability to make of their minds, i think we can handle it. >> i think it will be less than three weeks. i think it will be in the order of seven days maximum. krystal ball, thank you both. >> thanks, lawrence. >>> coming up, hillary clinton is running for president, so says an article posted online today at the new yorker. >>> and mitt romney is not enjoying private life according to a washington post report that says mr. and mrs. romney are having a hard time adjusting to losing the election. and your loved one can get exelon patch free for 30 days. if the doctor feels it's right for them. it cannot change how the disease progresses. hospitalization and rarely death have been reported in patients who wore more than one patch at a time. the most common side effects of exelon patch are nausea, vomiting, and diarrhea. the likelihood and severity of these side effects may increase as the dose increase
this is that there would never be a deal. if there was never a deal and we had arbitrary defense cuts and restructuring of our taxes, that would -- >> for a while. >> exactly. but if it's two or three weeks that the republicans want to do for the sake of their own drama and own inability to make of their minds, i think we can handle it. >> i think it will be less than three weeks. i think it will be in the order of seven days maximum. krystal ball, thank you both. >> thanks, lawrence. >>> coming up, hillary clinton is running for president, so says an article posted online today at the new yorker. >>> and mitt romney is not enjoying private life according to a washington post report that says mr. and mrs. romney are having a hard time adjusting to losing the election. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and
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